How Convenient: The U.S. Loses Billions in Iraq and ISIS Has Billions in the Bank

Editor: Once again, it’s time for Americans to wake up to the truth about what’s really going on in Iraq and Syria. Our elderly citizens and the poor in general need financial assistance, yet our government tells us Social Security is going broke and we have to tighten our belts. Yet it can make it easy for groups like ISIS to “find” or “steal” billions of dollars. What shameful times we live in…

Since the start of the Iraq War, the United States has sent tens of billions of dollars in assistance to Iraq, a large portion of which has been squandered or simply disappeared.

Government auditors say some $61 billion was spent on reconstruction projects in Iraq from 2003 to 2012. At least 10 percent of the money cannot be accounted for. Some 15 percent of the money spent, or roughly $8 billion, was wasted.

The audit also found that much of the money spent in Iraq was ineffective. Many development projects are still unfinished, and the futility of the money spent on training Iraqi troops has been on full display during the recent ISIS advance.

The May issue of the [Dabiq] magazine said that IS could obtain a nuclear weapon from “states like Pakistan.”

“The Islamic State has billions of dollars in the bank, so they call on their wilayah [official] in Pakistan to purchase a nuclear device through weapons dealers with links to corrupt officials in the region,” the article read.